Markdown Percentage Is Calculated By

question 73

Multiple Choice

Markdown percentage is calculated by:

• A) dividing the amount of the reduction by the original selling price.
• B) dividing the amount of the reduction by the original cost.
• C) dividing the amount of the reduction by the price after the markdown.
• D) dividing the amount of the reduction by difference between the cost and the original selling price.
• E) dividing the amount of the reduction by the net sales.

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Definitions:

Monthly Profit

The net income achieved by a business over the course of a single calendar month after all expenses have been deducted from total revenue.

Self-Propelled

Refers to machines or vehicles that are equipped with their own means of propulsion, allowing them to move without external assistance.

Horsepower Rating

A measure of the power output of an engine, equivalent to 746 watts, indicating the engine's capability to perform work.

Workmanship

The degree of skill with which a product is made or a job is done, reflecting quality and attention to detail.